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Horrific jobs report appears to be the trigger for recession outlook from financial economists

Just a day after the worst jobs report since 2010 was published, financial economists from both J.P. Morgan and Deutsche Bank have put recession outlook on high watch. Recession models followed by both institutions show an economic recession for the U.S. economy crossing the danger point, and where these indicators have successfully forecast recessions for the last 45 years. This is what JPM said: "This mor ...

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June Fed rate hike chances crushed as new jobs collapse and uncounted non-workers soar

Over the past few weeks we have spoken alot on the Fed's use of public announcements by its cadre of regional Fed Presidents to try to sway markets into believing that the central bank was sure to hike interest rates in either June or July.  And of course, inside most of this rhetoric is the single key component that is normally ignored by the computer algorithms that make up 75% of all trades, and that bei ...

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As the Fed jawbones recovery and normalizing interest rates, debt defaults at highest levels since December

Nearly all alternative media economists have gone public to state that it is both unlikely, and irrational for the Federal Reserve to raise interest rates now, and in the near future.  And this despite the central bank's recent jawboning on mainstream television of a potential rate hike as early as next month. But the problem is that the Fed and other central banks have waited too long, and gone too far in ...

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Mainstream wonders why consumers aren’t spending because they don’t actually look at the data

Many Americans by now know that the mainstream media is little more than a propaganda tool of the banks and government, and they rarely if ever report on actual data that could deter from their agenda of ensuring the public believes everything is fine.  This has been true in many facets, whether it is the whitewashing of the actual unemployment rate, or by having the President go on air and call anyone who ...

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U.S. economy growing itself right back into the Great Depression

When you watch the mainstream media, business news, or any national politicians, they inevitably use certain keywords over and over in an attempt to try to 'frame' the economy to their desired outcome.  For years we heard the word 'recovery' used by the Fed, President Obama, and CNBC to justify the central bank's instituting of zero interest rates and quantitative easing, while at the same time Washington u ...

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As cyber-thieves used SWIFT to steal $80 million from the Fed, how safe are your accounts from hackers?

The American people have been subconsciously programmed to trust both their government, and their banking systems as institutions dedicated to protecting their money and livelihoods.  However, just as we are seeing today in the race for the Presidency, and in a cyber-hack of the Federal Reserve by foreigners, security only exists to protect the establishment, and actions are only taken when their power is t ...

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Gold, Bitcoin… investors looking for everything but the dollar

Over the past 5 years, the dollar has been the primary safe haven for investors who attempted to walk through the minefields of currency wars, and quantitative easing.  And during this time the reserve currency hovered between 95 and 100 on the index, while purchases of U.S. Treasuries remained at very high levels. But since the beginning of the year a sea change has taken place, and the dollar has felt the ...

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Jobless claims jump to highest rate in two years, bringing new questions on recession

Contrary to the 'head on the sand' rhetoric that is coming from the Fed and mainstream business news regarding jobs, employment, and how the economy is really doing, the bottom line numbers have already signaled recession in the manufacturing side of the economy, and all that remains is for the service sector to hop on board.  But as the central bank Chair earlier this week pointed towards uncertainty in th ...

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Q1 GDP estimates throw Yellen’s plan for future rate hikes in the crapper

On March 29, Fed Chairman Janet Yellen spoke at the Economic Club of New York to give a little more insight to the central bank's future plans for monetary policy.  And in what was a mish-mash of contradictory points provided by the Fed Chair, where in one instance she praised the economy as being good while shortly after called for caution due to uncertainty in that same economy, it appears that data annou ...

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Too big to jail continues for bankers at Goldman Sachs and the Fed

President Obama's legacy will include many stigmas when it comes to finance and economics, but perhaps no more so than his administrations policy of 'too big to jail'.  Coined first by the former Attorney General Eric Holder (who was a Wall Street lawyer and went back to Wall Street at the end of his tenure), this policy has allowed banks to defraud the public for trillions of dollars over the past eight ye ...

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First de-pegging from the Euro, now Switzerland is voting to end private central banking

For decades, Switzerland has been known as the banking capital of the world due to their neutrality, and long history of protecting wealth from the prying eyes of governments.  And although they recently gave into U.S. pressures for transparency of accounts owned by American citizens, two major policy decisions may be separating themselves once again from the pack in the Western financial system. Back in Ja ...

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Banks take advantage of interest rate hike to raise borrowing costs without upping interest to depositors

Almost immediately after the Federal Reserve raised the discount rate from near zero to .25%, banks began to raise the cost of borrowing for mortgages, credit cards, and other loans.  In particular, Wells Fargo, PNC, and JP Morgan banks raised their prime borrowing rates to 3.5% less than five minutes after Chairman Yellen's announcement. But while the cost of borrowing from banks is increasing, the opposit ...

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